Just Burger has been acquired by Galgo Capital

Drake Food Service International has sold its 100% stake in Just Burger to Galgo Capital.

Just Burger is a hamburger chain with operations in Chile that started in 2020 under the Drake Food Service International Group, a business group focused on gastronomy and is the largest franchisee of the Papa John’s brand in the world. Just Burger has 11 locations throughout the country and is concentrated on the “fast casual” hamburger segment.

Galgo Capital is a private equity investment and corporate advisory firm. Founded in 2016 originally to manage the alternative asset program of its current partners, today it is focused on corporate advisory services and structuring direct investments and co-investments alongside their regular partners.

Drake Food Service International (DFSI) is the largest international franchisee for Papa John’s in the world, operating more than 400 stores globally. It has a strategic partnership and a privileged relationship with PJ, Inc. and holds the exclusive master franchise rights for the Papa John’s brand in six countries: Chile, Spain, Portugal, Costa Rica, Panama and Guatemala. DFSI is a subsidiary of Drake Enterprises, a large conglomerate with investments in various sectors and philanthropic interests.

Oaklins’ team in Chile acted as the financial advisor to Drake Food Service International in their divestment of Just Burger.